Not ready to file taxes by April 15? Here's how to file an extension with the IRS. Some states have been declared federal disaster areas, providing some taxpayers automatic extensions.
An inherited IRA is an account that is opened when someone inherits an IRA after the original owner dies. Discover the top rules for inherited IRAs.
Is there a pet tax credit? Not currently — but there are specific circumstances in which pet owners can deduct certain pet-related expenses on their taxes.
Learn more about the long-term capital gains tax, how it can offer tax benefits, and how to minimize your tax liability by knowing when to sell your investments.
People who made money online in 2024 may get a 1099-K tax form. Here's how it fits into a tax return.
Tax withholdings can impact your work bonus and the methods employers use to calculate it. Learn what steps to take to minimize the impact of taxes on your bonus.
The earned income tax credit (EITC) is a federal tax credit designed to provide financial assistance to low-to-moderate-income workers. Learn who qualifies and how it works.
Roth IRAs have unique tax benefits for investors, including tax-free growth and withdrawals. Learn how Roth IRAs work and how they compare with other tax-advantaged retirement accounts.
A tax credit is a dollar-for-dollar amount taxpayers claim on their tax return to reduce the income tax they owe.
Keep these changes in mind when preparing returns to help maximize refunds or lower amounts owed.